Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
EstoniaEstonia Industrial Production MoM climbed to 0.9% in July 2026
FMPMonthlyReleased September 2026
Estonia Industrial Production MoM climbed to 0.9% in July 2026, released September 2026, up 3.2% from June's -2.3% reading. The reading missed the 1.1% consensus by 0.2%. The print is running well above the 12-month average of 0.02%. Over the past 3 months, Industrial Production MoM averaged -1.25%, vs -0.73% in the prior 3-month window. The reading is in the 61st percentile of the trailing 24-month range.
Latest Release
0.9
Actual
1.1
Consensus
-2.3
Previous
Median Absolute Error
±1.15 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: 0.3
Actual: 0.9
Error: -0.6
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.56 | CRYPTO | Moves with | → View |
| GBP/USD | ▲ Direct | +0.54 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.46 | COMMODITIES | Moves with | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Production MoM (Estonia) was reported at 0.9% in September 2026. This missed the market consensus of 1.1% by 0.2%. The reading rose from the previous value of -2.3%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 0.57%, ranging from -2.3% to 6% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged -0.53%, down from the prior three at -0.5%. Volatility over the past year (σ 2.32%) is comparable than the prior year (σ 2.34%). In September readings over the past 3 years, Industrial Production MoM has averaged -1.7%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with GBP/USD, positively correlated (Bullish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 1.15%.
WHAT TO WATCH NEXT
The next release is scheduled for October 5, 2026.
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
SHARE
Industrial Production MoM - EE
Loading chart data...
About Industrial Production MoM — Estonia
DEFINITION
Industrial Production MoM (Month-over-Month) is a key economic indicator that measures the change in the total output of the manufacturing, mining, and utilities sectors within a specific country or region over a one-month period. This indicator provides valuable insights into the health and growth of the industrial sector, which is a crucial component of a country's overall economic performance. It is closely monitored by investors, policymakers, and analysts as it can impact inflation, employment, and consumer spending. A positive MoM change in industrial production indicates a growing economy, while a negative change may signal a slowdown or contraction.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 0.9 %, consensus 1.1 %. Prior reading (Jun 2026): -2.3 %. Before that (May 2026): -0.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with BTC/USD (Bullish BTC, r=0.56) — a useful reference for crypto-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP